Kestrel Gold announces 2018 Exploration Results in the White Gold District, Yukon

Kestrel Gold announces 2018 Exploration Results in the White Gold District, Yukon
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CALGARY – Kestrel Gold Inc. (KGC:TSX-V) has announced exploration results for its Val-Jual property located approximately 70 km southwest of Dawson City, Yukon.

“Optioning the Val-Jual property gave the Company an excellent position in the burgeoning White Gold district,” stated Rob Solinger, President and CEO of Kestrel. “Our 2018 efforts succeeded in enhancing the Cupid East and Teckphel anomalies, neither of which were tested by the 2017 RC drill program. The acquisition of a Class 3 Mining Land Use Permit will allow for advanced work such as trenching, road building, and further drilling to take place in the future.”

Work at Cupid East this year, was designed to expand a 175m x 200m gold soil anomaly within which preliminary 2017 soil samples averaged 122 ppb Au with a peak value of 1,333 ppb Au and where limited follow up work later that season yielded rock samples with peak values of 6.68 g/t Au from clay-ankerite altered granite with quartz-silica stockwork and peak values of 12,400 ppb Au from soil sampling. This anomaly occurs where a north-south trending lineament, visible on aeromagnetic maps, intersects the presumed margin of an intrusive body.

The 2018 field program extended the Cupid East anomaly a further 250 metres south, to current dimensions of 175m x 450m, where it remains open-ended into an area where thick valley bottom overburden precluded further sampling. Soil samples from within the 250m extension averaged 84 ppb Au with a peak value of 251 ppb.

In 2017, at Teckphel peak values of 1,456 ppm Au from soil samples and 0.537 g/t Au from rock samples help define an approximate 650m by 800m gold anomaly located in an area of variably quartz veined, carbonate altered and arsenopyrite mineralized metasedimentary rocks close to an intrusive body. Historical work in this area by Solomon Resources included three drill holes which were centred in the middle of a lobe of this anomaly and drilled out towards the fringes. The holes were of insufficient depth to fully test the targeted gold soil anomaly but did return 55.0m of 335 ppb Au which suggests good potential for bulk tonnage gold mineralization in this area.

The 2018 field program helped further define the core of the Teckphel anomaly as a minimum 250m x 150m area within which 36 samples range from 54 ppb Au to 1,456 ppb Au and average 332 ppb Au.

“Rob Solinger states: Although further work will be required to fully define the Cupid East and Teckphel anomalies, their current size and robust nature suggest strong potential for bedrock gold mineralization.”

 

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